How Segwit2x Affect Investors | Bitcointalksearch.org

junoreactor

full member

Activity: 196

Merit: 109

Quote from: RGBKey on October 17, 2017, 09:31:41 PM

If anybody had a crystal ball to tell us how the market would react to 2x I'm sure they'll make a fortune, but they don't. I also hate the notion of people that own Bitcoin being called "investors". You're not an investor if you hold any other currency. I realize that some people only buy BTC to hope to see a profit but that's not why Bitcoin exists.

Hi RGBKey,
Good point, but I have to disagree with the bold part. Let's face it, for now, many people owning Bitcoin are investors. A lot of people I know who have Bitcoin do not do anything with it, but just hold to hope for a profit, in short they think to sell soon or later.
Now, I would love Bitcoin to become a currency like any other, and that is where it needs to head to, to have a bright future.

Would love to know the % of people owning Bitcoin and actually using it for a living or for trading purpose, and the % of holders doing nothing with it.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

hopefully not much.
but it is a little too soon to give any better opinion about this. as we get closer to the fork there may be some FUD and finally a lot of panic (just like the August 1st fork and SegWit fork) and price may drop.

if you are a trader this can be a good chance to sell before the panic and buy back more cheap coins and make a nice profit.
if you are a long term investor it is also a good chance to increase the amount of bitcoin you hold.

TheGodson

full member

Activity: 383

Merit: 161

I believe there will be a panic before the fork where a lot of people sell. Once that happens and all the FUD is out of the way, Bitcoin will boom again.

RGBKey has a point. The fact that so many people view BTC simply as a way to make money is a problem. BTC should be viewed as a new way of technology, a new way of money, and a new way of living.

Isabella09

newbie

Activity: 44

Merit: 0

I am still confused about it. I also need this answer.

Cutekittens21

full member

Activity: 140

Merit: 100

Of course no one has a crystal ball and cannot tell you exactly what will happen. Unlike the person above me who offered no help whatsoever, I have some thoughts on 2xs affect. History will always repeat itself. What happened to the bitcoin price before, during, and after the last fork? Not saying this is accurate, but it's something to consider.

RGBKey

hero member

Activity: 854

Merit: 658

rgbkey.github.io/pgp.txt

If anybody had a crystal ball to tell us how the market would react to 2x I'm sure they'll make a fortune, but they don't. I also hate the notion of people that own Bitcoin being called "investors". You're not an investor if you hold any other currency. I realize that some people only buy BTC to hope to see a profit but that's not why Bitcoin exists.

coinkhoj

newbie

Activity: 28

Merit: 0

Bitcoin.org has published the list of supporter of upcoming hard fork. Even bitcoin.com which is a miner supporting segwit2x. Do you have any idea, how it will affect to investors?

Topic: How Segwit2x Affect Investors (Read 312 times)